How Long to Read Reviving the Competitive Storage Model

How Long Does it Take to Read Reviving the Competitive Storage Model?

It takes the average reader and 50 minutes to read Reviving the Competitive Storage Model by Yanliang Miao

Assuming a reading speed of 250 words per minute. Learn more

Description

We revive in this paper the empirical relevance of the competitive storage model by taking a holistic approach to food commodity prices. We augment the seminal Deaton and Laroque (1992, 1996) model by incorporating more comprehensive and realistic supply and demand factors: output and demand trends, shocks to the yield, and time-varying interest rates. While the computational burden increases exponentially, the augmented model succeeds in replicating all four key patterns of food commodity prices. Our simulation and comparative statics also show that (i) the long-run declining trend of food prices may come to a halt or even reverse due to the shifting balance between supply and demand; (ii) short-run price fluctuations are mainly attributable to sizeable, though low-probability, shocks to output such as inclement weather; and (iii) the impact of monetary policy, though small in normal times, is nonlinear and asymmetric, and can become large if the real rate passes a certain threshold.

How long is Reviving the Competitive Storage Model?

Reviving the Competitive Storage Model by Yanliang Miao is 49 pages long, and a total of 12,691 words.

This makes it 17% the length of the average book. It also has 16% more words than the average book.

How Long Does it Take to Read Reviving the Competitive Storage Model Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 9 minutes to read Reviving the Competitive Storage Model aloud.

What Reading Level is Reviving the Competitive Storage Model?

Reviving the Competitive Storage Model is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Reviving the Competitive Storage Model?

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